Foundations of Economics

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Across
  1. 6. land, labor, capital, and entrepreneurship.
  2. 9. the solid part of the surface of the earth. also, ground or soil of a specified situation, nature, or quality, dry land.
  3. 10. the monetary value of expenditures for supplies, services, labor, products, equipment and other items purchased for use by a business or other accounting entity.
  4. 11. a thing that motivates or encourages one to do something.
  5. 12. someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.
Down
  1. 1. physical or mental effort especially when hard or required, the services performed by workers for wages, those who do labor for wages.
  2. 2. refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good.
  3. 3. possibilities frontier
  4. 4. a lack of something requisite, desirable, or useful
  5. 5. to feel a need or a desire for or wish for always wanting something new. to wish, need, crave, demand, or desire.
  6. 7. a situation where you make a compromise between two things, or where you exchange all or part of one thing for another.
  7. 8. a broad term that can describe anything that confers value or benefit to its owners, such as a factory and its machinery, intellectual property like patents, or the financial assets of a business or an individual.